2007-03-05 02:26:45 · 9 answers · asked by Who Knew? 4 in Business & Finance ➔ Personal Finance
If you have anything it could be sold to pay off your loan. But if you are in college now you probably don't have much. Yes, your parents would have to pay it. Or, if you have a co-signer, they would be responsible.
2007-03-05 02:32:24 · answer #1 · answered by peach 6 · 0⤊ 0⤋
Remember this as a general principle in your life: If you are an adult, no one has to pay anything for you, unless they have signed for it. I suppose you are over 18 and that your parents have not signed for your loan. So, they are not responsible.
But why on earth are you thinking of the possibility of death? You seem to be a young, beautiful and intelligent girl.
2007-03-05 10:39:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you have any assets, they would have to be sold or cashed in to pay any debts in your estate.
If there is not enough to pay off the debt, then no, your family is not responsible for it, unless they co-signed on the loan.
2007-03-05 10:49:42 · answer #3 · answered by Faye H 6 · 0⤊ 0⤋
Generally no, the only bills that your next of kin is really stuck with would be medical.
Banks may make it SEEM like they have to pay, but you really don't.
2007-03-05 10:29:40 · answer #4 · answered by partygrl319 3 · 0⤊ 1⤋
Not unless they're a co-signer.
2007-03-05 11:01:50 · answer #5 · answered by dewmeister 2 · 0⤊ 0⤋
No, if you die then you can't pay it can you? Unless they charge your corpse!
2007-03-05 10:32:47 · answer #6 · answered by Geeeyaaa 4 · 0⤊ 0⤋
Unless they co sign???
2007-03-05 10:30:32 · answer #7 · answered by paris2539 1 · 0⤊ 0⤋
No, your estate is responsible.....
2007-03-05 10:29:04 · answer #8 · answered by Love always, Kortnei 6 · 0⤊ 0⤋
No.
2007-03-05 10:29:14 · answer #9 · answered by ? 3 · 0⤊ 0⤋